Ministry of Finance introduces New Guidelines for Bank Recruitment Exams: List of measures to be implemented

New Guidelines for Bank Recruitment Exams: The Institute of Banking Personnel Selection (IBPS) will enable candidates to examine their response sheets and matching answer keys via a secure login starting with the 2026–2027 common recruiting process. The Ministry of Finance stated that the goal of this policy is to increase the openness of public recruitment exams and provide candidates with more insight into their performance. The Department of Financial Services (DFS) announced, as part of a larger set of measures aimed at streamlining hiring procedures at State Bank of India (SBI), nationalised banks, and Regional Rural Banks (RRBs). IBPS is used for recruitment in all three categories; however, the tests are administered in phases.

Currently, RRB exams are held first, then nationalised banks, and finally SBI. The results are also released in that order. The statement claims that high attrition rates are a result of this current pattern. After joining RRBs, a lot of candidates go on to work for nationalised banks before joining SBI after the results are revealed. The DFS has reevaluated the entire recruitment cycle and its sequencing after banks reported operational issues brought on by this movement. The Indian Banks' Association (IBA) has been encouraged by the government to implement a consistent and rationally organised process for disseminating outcomes in the wake of this study.

Recruitment results will now be announced for SBI, nationalised banks, and RRBs in that order under the updated system. Officer-level results will be announced before clerical-level results in the same sequence for each category. The ministry stated that the goal of this reorganisation is to assist candidates in selecting their desired positions more quickly and clearly. It is anticipated that the system will lessen candidates' propensity to switch institutions, which will cut attrition across banks, by guaranteeing that results are released in a predictable order. By providing organisations with a more consistent view of their new staff, it also aims to enhance workforce planning.

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